Pages

EUR/USD analysis for October 04, 2017

Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1787. Anyway, according to the 30M time- frame, I found a fake breakout of yesterday's high at the price of 1.1773, which is sign that buying looks risky. There is a hidden bearish divergence on the moving average oscilator, which is another sign of weakness. My advice is to watch for potential selling opportuntiies. The downward targets are set at the price of 1.1750, 1.1735 and 1.1700.